Global Pressure Sensor Dies Market 2017-2021
About Pressure Sensor Dies
A pressure sensor is a device that is used to detect pressure changes and convert it into an electrical signal, which can be modulated depending on the intensity of pressure. As these devices convert pressure into electrical signals, they are also known as pressure transducers. Pressure sensors find various applications in touch screen device, automotive, bio medical instrument, aviation, marine, and heavy industries.
Technavio’s analysts forecast the global pressure sensor dies market to grow at a CAGR of 7.43% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pressure sensor dies market for 2017-2021. To calculate the market size, the report considers the revenue obtained from the sale of sensor dies.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pressure Sensor Dies Market 2017-2021
Technavio recognizes the following companies as the key players in the global pressure sensor dies market: Hebei MT Microsystems, Murata Manufacturing, Sensonor, and TDK
Other Prominent Vendors in the market are: Acuity, ALL SENSORS, BCM SENSOR TECHNOLOGIES, European Sensor Systems (ESS), microfab Service, and Silicon Microstructures
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of wearables. Wearable tech is a mobile technology that enables a device attached to a body part to monitor daily activities, besides providing communication services. These devices are smart watches, electronic tags, smart glasses such as Google Glass, smart fabrics, heart-rate monitors, and fitness-tracking gadgets like FitBit Surge, Basis Peak, Garmin Vivoactive, and Mio Fuse.”
According to the report, one of the major drivers for this market is Growing adoption of smartphones and tablets. Pressure sensors such as capacitive sensors are increasingly used in smartphones and tablets, as these almost eliminate the problem of wear and tear in devices compared with mechanical input devices and improve the device efficiency. These sensors are integrated with MEMS sensor dies to increase their efficiency.
Further, the report states that one of the major factors hindering the growth of this market is Rising demand for EVs to affect automotive pressure sensor dies market. The electronic component content in automobiles is going as high as 50% of the total cost of the automobile. This is due to increased safety features like driver assistance system (DAS) and regulatory mandates stipulating installation of on-board diagnostics (OBD) to reduce greenhouse gas (GHG) emissions. However, in EVs, the electronic content can go as high as 70% owing to the electrification of terrain and advanced safety features.
Hebei MT Microsystems, Murata Manufacturing, Sensonor, TDK, Acuity, ALL SENSORS, BCM SENSOR TECHNOLOGIES, European Sensor Systems (ESS), microfab Service, and Silicon Microstructures